Manig Engine Company stated that advancements in information technology are often a result of the desire to enhance user experiences.
The past few years have demonstrated the validity of this concept, with technology supporting users during lockdowns, economic downturns, and other crises.
The year 2023 marked a transformative period, and in 2024, current technologies and new innovations are revolutionizing how enterprises operate.
It is expected that companies will continue adopting additional technological updates to design a better digital environment for everyone.
Rajesh Ganeshan, CEO of Manig Engine, said, “While the need for enterprises to implement a digital-first experience has been a constant desire, the ways to achieve this change periodically according to the evolving landscape of information technology.
We believe that by 2024, your organization will benefit from applying a unified approach to deploying new technology and focusing on essential business aspects such as privacy, Large Language Models (LLMs), and synchronization.”
Here are the top five predictions from Manig Engine for IT trends in 2024 that will help organizations solidify themselves in the infrastructure of this new era of business
Privacy and Governance of Artificial Intelligence Will Become Top Priorities for Businesses
Despite various laws in different regions in 2023, such as the European Union’s Artificial Intelligence Act, data protection laws in the United Arab Emirates, and India’s Digital Personal Data Protection (DPDP) Act, indicators suggest the imminent flow of similar policies.
With the integration of artificial intelligence into every aspect of business, disruptive technologies pose significant threats to privacy.
Therefore, stringent control over the general and private use of these technologies is crucial.
Governance of artificial intelligence will become of utmost importance for companies, and privacy will be the essence of all future work, with its protection becoming the responsibility of every individual in the organization.
Companies Will Shift Towards Adopting Custom-Designed Large Language Models (LLMs) Instead of General-Purpose LLMs:
Since the advent of artificial intelligence, organizations have benefited from its capabilities in predictive analysis and the automation of low-skilled tasks.
Large Language Models (LLMs) tailored for enterprises help improve interactions with organizational offerings.
By adapting these models, organizations will be more capable of deploying their extensive knowledge to handle creative workloads efficiently and reduce biases in their data, providing detailed audit reports to understand artificial intelligence decisions better.
The Power of Coordination Will Extend Throughout the Entire Organization
Recently, many institutions and companies have turned to digital transformation to execute their core functions online.
Overcoming data silos through the power of coordination, organizations will build interconnected digital pipelines, automating workflows, and simplifying operations.
By adopting user-friendly and accessible technologies, these companies will be prepared to make complex tasks achievable and remain in the digital world.
The First Digital Experience Will Evolve into the Secured First Digital Experience
After transitioning from traditional work methodologies, organizations integrate modern information technology management tools.
In 2024, it is expected that companies will also adopt an identity-focused approach, ensuring that only authorized individuals have access and permissions, thereby protecting their identities and data.
The infrastructure for Cloud Identity and Entitlement Management (CIEM) will be implemented to enhance accurate visibility and reduce threats by providing comprehensive insights into identities and entitlements across diverse cloud computing environments.
Together, these solutions will enhance security and enable a worry-free digital experience for end-users.
Cyber Resilience Will Become a Strong Factor in Business Distinction
The current technological landscape poses a series of challenges for modern institutions hindering progress. These challenges include geopolitical climate, technological disruptions, cyber threats, competitive pressures, and many other factors.
In 2024, we will witness institutions actively investing in plans that bring the necessary tools, solutions, and culture to enhance their overall electronic resilience.
As a result, cyber resilience will emerge as a key factor for business distinction, enabling institutions to succeed in the complex global market.
According to Manig Engine, these IT predictions will help organizations accelerate their business pace smoothly with an imminent transformation in work culture.
By keeping up with emerging trends and technologies, institutions can leverage opportunities and remain competitive in this continually evolving digital ecosystem.